Brazil is the world’s fifth-largest online market with over 75 million daily internet users who are increasingly accessing it through mobile.
Don’t miss the San Jose Mercury News story on the mobile payment industry in Brazil, where several members of our BayBrazil community were mentioned: Eduardo Lins Henrique, Co-Founder of Movile & member of BayBrazil Mentor program; Renata Streit Quintini, Partner at Felicis Ventures & BayBrazil e-commerce committee chair, and Ron Czerny, CEO of PlayPhone & BayBrazil board member.
By Heather Somerville
San Jose Mercury News
The comeback story is rare in the dot-com world, but eBay (EBAY) is poised for a resurgence. As part of its reboot strategy, the Silicon Valley company is betting PayPal’s international expansion on Brazil.
PayPal, the Web payment company eBay bought a decade ago, burst into Brazil’s retail scene two years ago, determined to strike it big. On a call with analysts and reporters last month, eBay CEO John Donahoe said PayPal’s popularity in Brazil is soaring.